Siacoin (SC) One Day Volume Tops $1.68 Million

Siacoin (SC) traded down 0.7% against the US dollar during the one day period ending at 20:00 PM Eastern on July 2nd. One Siacoin coin can currently be bought for about $0.0046 or 0.00000007 BTC on cryptocurrency exchanges. Siacoin has a total market cap of $265.73 million and $1.68 million worth of Siacoin was traded on exchanges in the last 24 hours. During the last week, Siacoin has traded down 0.3% against the US dollar.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Bitcoin (BTC) traded down 1.3% against the dollar and now trades at $62,026.50 or 1.00000000 BTC.
• Dogecoin (DOGE) traded 1.3% higher against the dollar and now trades at $0.12 or 0.00000201 BTC.
• Bitcoin Cash (BCH) traded 0.4% lower against the dollar and now trades at $382.26 or 0.00616331 BTC.
• Litecoin (LTC) traded up 2.1% against the dollar and now trades at $75.83 or 0.00122268 BTC.
• UNUS SED LEO (LEO) traded 0.8% lower against the dollar and now trades at $5.74 or 0.00009257 BTC.
• Ethereum Classic (ETC) traded up 0.2% against the dollar and now trades at $23.25 or 0.00037480 BTC.
• Monero (XMR) traded up 0.2% against the dollar and now trades at $168.58 or 0.00271810 BTC.
• Arweave (AR) traded up 2.5% against the dollar and now trades at $28.97 or 0.00046715 BTC.
• Bitcoin SV (BSV) traded up 0.8% against the dollar and now trades at $44.53 or 0.00071799 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.

Siacoin Profile

SC is a proof-of-work (PoW) coin that uses the Blake2b hashing algorithm. It was first traded on June 1st, 2015. Siacoin’s total supply is 57,600,885,000 coins and its circulating supply is 57,573,093,456 coins. Siacoin’s official website is sia.tech. The Reddit community for Siacoin is https://reddit.com/r/siacoin and the currency’s Github account can be viewed here. Siacoin’s official Twitter account is @sia__foundation and its Facebook page is accessible here.

According to CryptoCompare, “Siacoin (SC) is the native token of the Sia network, a decentralized storage platform facilitating global disk storage contributions to create a secure and private alternative to centralized cloud storage. Users can rent storage from hosts using Siacoin, with transactions managed by smart storage contracts on the Sia blockchain. These contracts ensure that hosts are paid only after securely storing a client’s file for a specified duration, incentivizing reliable storage. The concept for Sia and Siacoin was conceived by David Vorick and Luke Champine, founders of Skynet Labs, at an MIT hackathon in 2013. Skynet Labs, formerly Nebulous, continues to evolve the platform, aiming to build a decentralized internet through its application hosting and storage.”

Buying and Selling Siacoin

It is usually not presently possible to purchase alternative cryptocurrencies such as Siacoin directly using U.S. dollars. Investors seeking to trade Siacoin should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Siacoin using one of the aforementioned exchanges.

SC/USD price chart by TradingView